I'm with ya swifty; this is only a tea leaf reading, though it...

I'm with ya swifty; this is only a tea leaf reading, though it has proven reasonably accurate so far. 5.3 and 4.2 are just a heads up on next possible supports - any number of things could happen to make it wrong.

SKIP TO NEXT POST IF YOU'RE NOT INTERESTED IN MY THOUGHTS ON WHY THE WEST IS IN TROUBLE

Re the ASX, ya, it feels a lot like my experiences driving on Sydney roads - fuhc ing chaotic, full of the self important and a god awful experience that I hope to get through unscathed.

Re RNU, IMO the issue is how graphite fits into the LT perspective and if Cn remains the arbiter on supply hence pricing. Once that's solved, C has a chance and RNU has laid the groundwork to succeed. To be clear, my opinion of the success of non Cn manufacturers (of anything) is their ability to compete on a global stage (discussed/rants in previous posts). Consumers (of anything) currently do not have much choice but the results of their choices have had tremendous impact on non Cn manufacturers. So you could say the west is exactly where we put ourselves through our desire to consume cheap disposable stuff while demanding over inflated wages.

Ideological change needs to start at home - yours and mine, we need to update our consumption habits to include support of non Cn manufacture/production and preferably local if possible. This is not a racist perspective, simply acknowledging the issue the west has.

Snippet from the Harvard Business Review



Sigh.
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